A quick economic boost from President-elect Trump’s policies may lead to longer-term problems. Howard Schneider of Reuters looks at the potential effects of the proposed policies. In the meantime, Liz Ann Sonders of Schwab thinks the long-running equity bull market is posed for further gains. She, Brad Sorensen and Jeffrey Kleintop offer a graphic analysis of the current market conditions. Even the most savvy investors may be unaware they are damaging their credit score with everyday actions. Kiplinger’s Personal Finance suggests a quick quiz to see if you’re inadvertently lowering your score.
Fed Officials See Quick Economic Boost From Trump, Risks To Follow– Federal Reserve regional bank presidents agreed in principle that the policies President-elect Donald Trump is likely to pursue will increase short term economic growth – through direct spending, the consumption and investment spurred by tax cuts, and the boost to business from lighter regulation. These officials cautioned that a short-term economic boost could cause longer-run inflation and debt problems. Read more…
A Perfect Mix?– The conditions for a continuation of the long-running equity bull market appear to be intact according to Liz Ann Sonders, Chief Investment Strategist at Schwab. The recent digestion of gains since the election is a healthy process. She notes that, “Economic data and corporate earnings growth are conspiring with a boost in consumer and business confidence to ignite “animal spirits.” Add in a Federal Reserve that is slowly normalizing monetary policy, but still remains accommodative, and we see a good mix for further equity gains.” Read more…
Test Your Knowledge Of Everyday Actions That Affect Your Credit Score– Your credit score is a key indicator of your financial well-being and of the risk you pose to lenders. Along with making moves to keep your credit score high, you’ll want to avoid actions that could set it back. You’re probably aware that paying bills late can wreak havoc on your score. But do you know what else can drag down your score — and what has no effect? Test your knowledge of how to protect your credit score from taking a hit. Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller
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